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December 20, 2018 at 01:10 AM
Cigna Corp. today completed its $54 billion acquisition of Express Scripts, a giant pharmacy benefits manager (PBM).
David Cordani, Cigna’s president, said the combined company will try to promote affordable, personalized, whole person health care, and that it will try to close gaps in care in its local communities.
(Related: Walgreens and Humana May Regret a Half-Deal)
Cigna is celebrating the consummation of the Express Scripts deal by contributing $200 million to its foundation and community organizations, with $25 million going to a new Healthier Kids for Our Future program.
The Healthier Kids program will last for five years, and it will start in 2019 by working to eradicate childhood hunger and improve children’s nutrition, Cigna said.
The program will focus on addressing the well-being of children all around the world, the company said.
Targeting childhood hunger is way to “make a meaningful — and early — impact on the health and well-being of children and drive measurable outcomes in the communities where we live, work and play,” Cordani said in a statement.
